A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF LEESBURG, FLORIDA TENTATIVELY ADOPTING THE FISCAL YEAR
2008-09 BUDGET FOR THE CITY OF LEESBURG, FLORIDA; AND PROVIDING AN EFFECTIVE
DATE.

WHEREAS, the City Commission of the City of Leesburg, Florida, has held
numerous budget work sessions for the purpose of reviewing, and, where
appropriate, revising the Fiscal Year 2008-09 Budget, and

WHEREAS, the provisions of Section 200.065(2)(c), Florida Statutes, commonly
known as the Truth in Millage or TRIM Bill, require that the City Commission
hold a public hearing and adopt a tentative budget and millage rate for
Fiscal Year 2008-09; and,

NOW THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF LEESBURG,
FLORIDA:

SECTION I.

Pursuant to Section 200.065, Florida Statutes, and all other applicable laws,
the following amounts for use by the various funds during Fiscal Year 2008-09
as reflected below, including all modifications or amendments made during
this meeting, are hereby adopted as the budget for Fiscal Year 2008-09 for
the City of Leesburg, Florida:

GENERAL
FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Current Ad
Valorem Taxes (Based on an assessed value of $1,539,189,621)

4.3179 Mills

6,313,764

Other Taxes

5,108,000

Licenses and
Permits

295,635

Intergovernmental
Revenue

2,340,382

Charges for
Services

775,264

Fines and
Forfeits

178,000

Miscellaneous
Revenues

1,205,240

Total Estimated Revenues

16,216,285

Other
Financing Sources:

Transfers from other Funds

8,489,756

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

24,706,041

GENERAL
FUND (Continued)

PROPOSED
APPROPRIATIONS

General
Government

943,130

Public Safety

13,825,024

Physical
Environment

120,606

Transportation

2,345,596

Economic
Environment

223,598

Human
Services

20,000

Culture/Recreation

5,208,835

Other Uses

170,125

Non
Expenditures:

Transfers to other Funds

1,849,127

TOTAL
PROPOSED APPROPRIATIONS

24,706,041

STORMWATER
FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

1,433,966

Miscellaneous
Revenues

12,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

1,445,966

PROPOSED
APPROPRIATIONS

Physical
Environment

1,445,966

TOTAL
PROPOSED APPROPRIATIONS

1,445,966

GREATER
LEESBURG COMMUNITY REDEVELOPMENT AGENCY

ESTIMATED
REVENUES AND OTHER RECEIPTS

Intergovernmental
Revenue

353,107

Miscellaneous
Revenues

8,000

Total Estimated Revenues

361,107

Other
Financing Sources:

Transfers from other Funds

286,099

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

647,206

GREATER
LEESBURG COMMUNITY REDEVELOPMENT AGENCY (Continued)

PROPOSED
APPROPRIATIONS

Economic
Environment

325,603

Non
Expenditures:

Transfers to other Funds

242,325

Debt Service

24,047

Reserves- Contributions to Fund Balance

55,231

TOTAL
PROPOSED APPROPRIATIONS

647,206

CARVER
HEIGHTS COMMUNITY REDEVELOPMENT AGENCY

ESTIMATED
REVENUES AND OTHER RECEIPTS

Intergovernmental
Revenue

197,160

Miscellaneous
Revenues

6,000

Total Estimated Revenues

203,160

Other
Financing Sources:

Transfers from other Funds

159,747

Debt Proceeds

1,500,000

Fund
Balance Appropriated

169,072

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

2,031,979

PROPOSED
APPROPRIATIONS

Economic
Environment

1,791,979

Non
Expenditures:

Transfers to other Funds

240,000

TOTAL
PROPOSED APPROPRIATIONS

2,031,979

US HWY
441/27 COMMUNITY REDEVELOPMENT AGENCY

ESTIMATED
REVENUES AND OTHER RECEIPTS

Intergovernmental
Revenue

668,492

Miscellaneous
Revenues

18,000

Total Estimated Revenues

686,492

Other
Financing Sources:

Transfers from other Funds

541,635

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

1,228,127

US HWY
441/27 COMMUNITY REDEVELOPMENT AGENCY (Continued)

PROPOSED APPROPRIATIONS

Economic
Environment

746,925

Non
Expenditures:

Reserves- Contributions to Fund Balance

481,202

TOTAL
PROPOSED APPROPRIATIONS

1,228,127

DEBT
SERVICE FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Other
Financing Sources:

Transfers from other Funds

1,622,816

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

1,622,816

PROPOSED
APPROPRIATIONS

Non
Expenditures:

Debt Service

1,622,816

TOTAL
PROPOSED APPROPRIATIONS

1,622,816

CAPITAL
PROJECTS FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Intergovernmental
Revenue

3,627,361

Other
Financing Sources:

Transfers from other Funds

819,509

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

4,446,870

PROPOSED
APPROPRIATIONS

Transportation

4,341,870

General
Government

60,000

Culture/Recreation

45,000

TOTAL
PROPOSED APPROPRIATIONS

4,446,870

ELECTRIC
FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

74,888,133

Miscellaneous
Revenues

505,000

Other Sources

560,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

75,953,133

PROPOSED
APPROPRIATIONS

Physical
Environment

67,545,044

Non
Expenditures:

Transfers to other Funds

5,666,667

Debt Service

2,741,422

TOTAL
PROPOSED APPROPRIATIONS

75,953,133

GAS
FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

10,341,871

Miscellaneous
Revenues

132,414

Other Sources

808,505

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

11,282,790

PROPOSED
APPROPRIATIONS

Physical
Environment

9,654,252

Non
Expenditures:

Transfers to other Funds

857,211

Debt Service

423,831

Reserves- Contributions to Retained Earnings

347,496

TOTAL
PROPOSED APPROPRIATIONS

11,282,790

WATER FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

7,063,851

Miscellaneous
Revenues

179,070

Other Sources

1,423,616

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

8,666,537

PROPOSED
APPROPRIATIONS

Physical
Environment

6,352,365

Non
Expenditures:

Transfers to other Funds

753,911

Debt Service

1,560,261

TOTAL
PROPOSED APPROPRIATIONS

8,666,537

WASTEWATER
FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

9,866,096

Miscellaneous
Revenues

60,000

Other Sources

400,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

10,326,096

PROPOSED
APPROPRIATIONS

Physical
Environment

7,541,090

Non
Expenditures:

Transfers to other Funds

719,642

Debt Service

1,833,331

Reserves- Contributions to Retained Earnings

232,033

TOTAL
PROPOSED APPROPRIATIONS

10,326,096

COMMUNICATIONS
FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

1,172,221

Miscellaneous
Revenue

12,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

1,184,221

COMMUNICATIONS
FUND (Continued)

PROPOSED
APPROPRIATIONS

Physical
Environment

1,079,991

Non
Expenditures:

Debt Service

104,230

TOTAL
PROPOSED APPROPRIATIONS

1,184,221

SOLID
WASTE FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

3,710,019

Miscellaneous
Revenues

39,227

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

3,749,246

PROPOSED
APPROPRIATIONS

Physical
Environment

3,499,246

Non
Expenditures:

Transfers to other Funds

250,000

TOTAL
PROPOSED APPROPRIATIONS

3,749,246

POLICE
PENSION FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Other Taxes

174,889

Miscellaneous
Revenues

712,668

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

887,557

PROPOSED
APPROPRIATIONS

General
Government

790,000

Non
Expenditures:

Reserves- Contributions to Fund Balance

97,557

TOTAL
PROPOSED APPROPRIATIONS

887,557

FIRE
PENSION FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Other Taxes

170,791

Miscellaneous
Revenues

1,201,037

TOTAL ESTIMATED
REVENUES AND OTHER RECEIPTS

1,371,828

PROPOSED
APPROPRIATIONS

General
Government

600,000

Non
Expenditures:

Reserves- Contributions to Fund Balance

771,828

TOTAL
PROPOSED APPROPRIATIONS

1,371,828

GENERAL
EMPLOYEE'S PENSION FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Miscellaneous
Revenues

1,537,974

Other Sources

557,026

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

2,095,000

PROPOSED
APPROPRIATIONS

General
Government

2,095,000

TOTAL
PROPOSED APPROPRIATIONS

2,095,000

HEALTH
INSURANCE FUND

ESTIMATED REVENUES
AND OTHER RECEIPTS

Charges for
Services

4,218,813

Miscellaneous
Revenues

160,750

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

4,379,563

PROPOSED
APPROPRIATIONS

General
Government

4,379,563

TOTAL
PROPOSED APPROPRIATIONS

4,379,563

WORKERS'
COMPENSATION FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Charges for
Services

474,590

Miscellaneous
Revenues

50,000

Other Sources

100,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

624,590

PROPOSED
APPROPRIATIONS

General
Government

624,590

TOTAL
PROPOSED APPROPRIATIONS

624,590

DISCRETIONARY
SALES TAX FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Other Taxes

1,580,679

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

1,580,679

PROPOSED
APPROPRIATIONS

Non
Expenditures:

Transfers to other Funds

1,580,679

TOTAL
PROPOSED APPROPRIATIONS

1,580,679

POLICE
IMPACT FEES

ESTIMATED
REVENUES AND OTHER RECEIPTS

Other Sources

75,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

75,000

PROPOSED
APPROPRIATIONS

Public Safety

75,000

TOTAL
PROPOSED APPROPRIATIONS

75,000

BUILDING
PERMITS FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Licenses
& Permits

850,000

Intergovernmental
Revenue

30,000

Miscellaneous
Revenue

1,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

881,000

PROPOSED
APPROPRIATIONS

Public Safety

646,231

Non
Expenditures:

Reserves- Contributions to Fund Balance

234,769

TOTAL
PROPOSED APPROPRIATIONS

881,000

POLICE
FORFEITURE FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Other Sources

59,800

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

59,800

PROPOSED
APPROPRIATIONS

Public Safety

59,800

TOTAL
PROPOSED APPROPRIATIONS

59,800

KRISTEN
STREET FUND

ESTIMATED
REVENUES AND OTHER RECEIPTS

Intergovernmental
Revenue

927,500

Other
Financing Sources:

Transfers
from other Funds

340,000

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

1,267,500

PROPOSED
APPROPRIATIONS

Economic
Environment

1,267,500

1,267,500

ALL
FUNDS

ESTIMATED
REVENUES AND OTHER RECEIPTS

Ad Valorem
Taxes

6,313,764

Other Taxes

7,034,359

Licenses and
Permits

1,145,635

Intergovernmental
Revenue

8,144,002

Charges for
Services

113,944,824

Fines and
Forfeits

178,000

Miscellaneous
Revenues

5,840,380

Other Sources

3,983,947

Total Estimated Revenues

146,584,911

Other
Financing Sources:

Debt
Proceeds

1,500,000

Fund
Balance Appropriated

169,072

Transfers from other Funds

12,259,562

TOTAL
ESTIMATED REVENUES AND OTHER RECEIPTS

160,513,545

PROPOSED
APPROPRIATIONS

General
Government

9,492,283

Public Safety

14,606,055

Physical
Environment

97,238,560

Transportation

6,687,466

Economic
Environment

4,355,605

Human
Services

20,000

Culture/Recreation

5,253,835

Other Uses

170,125

Non
Expenditures:

Transfers to other Funds

12,159,562

Debt Service

8,309,938

Reserves- Contributions to Fund Balance

1,640,587

Reserves- Contributions to Retained Earnings

579,529

TOTAL
PROPOSED APPROPRIATIONS

160,513,545

SECTION II.

This resolution shall become effective immediately upon its passage and
adoption by the

Leesburg City
Commission.

PASSED AND ADOPTED at a special meeting of the City Commission of the
City of Leesburg, Florida held the 11th day of September 2008.